Former Seattle Mayor Norm Rice to retire from Seattle Foundation

Former Seattle Mayor Norm Rice on Tuesday announced his intention to retire next year as president and CEO of the Seattle Foundation.

The two-term mayor joined the foundation in 2009. He will continue to serve until a successor is chosen, probably by the summer of 2014.

Established in 1946, the Seattle Foundation awards more than $60 million in grants each year. It is the region’s oldest and largest community foundation, with assets in excess of $725 million.

Under Rice’s leadership, the foundation launched its GiveBIG campaign, which raised more than $25 million for King County nonprofits over the past three years. He also focused the foundation’s efforts on education and economic opportunity.

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